Miticides Market Scope
Miticides is a chemical pesticide that is used to kill plant mites or ticks, as these species damages ornamental or food plants. Miticides are also known as acaricide. The increasing use of advanced gardening and farming technique is a major factor expected to drive the growth of the global miticides market. The declining number of arable land, growing demand for food products owing to the growing population across the globe is another factor expected to drive the growth of the market over the forecast period. Companies are focusing on the development of new and innovative miticides so as to gain competitive gain which is thus expected to propel the growth of the global miticides market over the forecast period. Rapidly growing demand for fruits and vegetables, as it offers various health benefits is another major factor expected to augment the growth of the market.
According to AMA, the Global Miticides market is expected to see growth rate of 6.6% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Miticides market throughout the predicted period.
BASF SE (Germany), FMC Corporation (United States), ADAMA Agricultural Solutions Ltd. (Israel), Gowan Company, LLC (United States), Bayer Cropscience AG (Germany), The DOW Chemical Company (United States), Nihon Nohyaku Co., Ltd. (Japan), Syngenta AG (Switzerland), Valent USA (United States) and UPL Corporation Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are CERTIS EUROPE (Netherlands), OHP, Inc. (United States), Nissan Chemicals Industry (Japan), Nufram Limited (Australia) and Mantis Plant Protection LLC (United States).
Segmentation Overview
The study have segmented the market of Global Miticides market , by Application (Foliar Spray, Soil Treatment and Others) and Region with country level break-up.
On the basis of geography, the market of Miticides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing emphasis on the development of biological miticides
Market Growth Drivers:
Increasing awareness about decreasing losses, maximizing yield, and increasing the value crops are the key driver of the miticides market., Latest Advancements in Farming Practices and Technology and Growth in Agricultural Productivity
Challenges:
Resistance of Mites to Miticides and Evolution of Biotechnology and Increasing Acceptance of GM Crops
Restraints:
High Residue Levels of Miticides on Excessive Use, Stringent Government Regulations and Easy Availability of Substitutes and Alternatives
Opportunities:
Rapid Growth in Biopesticides Market and Organic Agriculture, Increasing Demand in Developing Countries and Increasing Adoption of Integrated Pest Management (IPM)
Market Leaders and their Expansionary Development Strategies
In December 2019 Gowan Crop Protection Limited, an affiliate of Gowan Company, L.L.C., announced that it has entered into agreements with Bayer AG to acquire rights to the active ingredients Fenamidone and Pencycuron. The acquisition includes product registrations and trademarks including Consento, Reason, Monceren, and Prestige, and related intellectual property and labels for both fungicides.
In 2018, United Phosphorus Ltd, expanded its product offering by launching two new insecticides among which one is Miticides in the Indian market on June 6.
Key Target Audience
Miticides Manufacturers, Raw Material Suppliers, Traders and Distributors of Miticides, Research and Development Institutes, Potential Investors and Nationalized Laboratories
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.